Morgan Stanley sees bright future for Asian local-currency bonds

Jul 28, 2010

As State Street's ABF Pan-Asia Bond Fund celebrates its fifth anniversary, demand is growing for Asian local-currency bonds, despite rising interest rates.

Anniversaries seem to be coming thick and fast for State Street Global Advisors. Having celebrated 10 years of the Hong Kong Tracker fund in November, the US asset manager this week clocked five years since the launch of the ABF Pan-Asia Bond Index Fund (PAIF) it manages. The birthday was marked at an event hosted by Jay Hooley, Boston-based group chief executive.

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